Warren Buffett, the billionaire investor, has some advice for college students who want a fulfilling career: don’t think about the money.

Enjoy what you do 

In his most recent annual letter to shareholders, Berkshire Hathaway’s nonagenarian chairman and CEO discussed his continued enjoyment for his work. He referred to his regular talks with university students.

Although he concedes that “economic realities may interfere with this kind of search”, he urges students “to never give up on the quest.”

“When they find that sort of job, they will no longer be ‘working’,” Buffett added.

About Berkshire Hathaway

Buffet, 91, took control of Berkshire Hathaway in 1965. Together with his long-term business partner and confidant Charlie Munger, he’s grown what was a struggling textile mill into a holding company with a market capitalization of more than $700 billion.

It holds shares in firms including Apple, the Coca-cola Company, and General Motors.

Both started work at a grocery store owned by Buffett’s grandfather — work for which they were paid little and asked to complete boring tasks, Buffett said. Job satisfaction “continued to elude” the pair after Munger moved into law and Buffett into selling securities, he wrote.

“With very few exceptions, we have now “worked” for many decades with people whom we like and trust.”

Teaching helps Buffett to ‘clarify his thoughts’

In a 2020 address to graduates of the University of Nebraska-Lincoln, his alma mater, he told students about the importance of finding a fulfilling career.

Students should also polish their communication skills and read lots, he advised.

“Teaching, like writing, has helped me develop and clarify my own thoughts,” Buffet wrote, adding that this was a phenomenon Munger called the orangutan effect.

“If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.”

Src: Business Insider